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1412 Knob Creek Road, Johnson City, TN 37604

Local realty services provided by:CENTURY 21 Legacy
1412 Knob Creek Road,Johnson City, TN 37604
$1,600,000
  • - Beds
  • - Baths
  • 1,778 sq. ft.
  • Multi-family
  • Active
Listed by: jay goodson
Office: remax checkmate, inc. realtors
MLS#:9990357
Source:TNVA_MLS

Price summary

  • Price:$1,600,000
  • Price per sq. ft.:$899.89

About this home

Passive income or owner operator! This portfolio consists of 8 units of multifamily being rented out at $1250 per month, two bed, one bath, in newly renovated units, as well as adjacent Commercial building with new roof and renovated exterior. The Old Norris Bicycle building, and adjacent quadplexes are being sold together ONLY! This is your opportunity to diversity your investments with a commercial piece, or put your business into a 4748 sq ft Commercial space all your own, and keep the apartments as rentals. Subdividing of apartments from new condos is underway, and will put the 8 units on approximately one acre of their own land, more or less, with large back yard area. Massive renovations have taken place, and apartments are being re-filled at this time, so see agent for newest and latest rent roll as apartments are completed. Gross income is based on only half of the units filled, as the final 4 are being finished up. Proforma gross income will be $114,000 per

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Home facts

  • Year built:1965
  • Listing ID #:9990357
  • Added:1 day(s) ago
  • Updated:January 21, 2026 at 05:09 PM

Rooms and interior

  • Living area:1,778 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan(s), Central Air
  • Heating:Central

Structure and exterior

  • Year built:1965
  • Building area:1,778 sq. ft.
  • Lot area:1.3 Acres

Schools

  • High school:Science Hill
  • Middle school:Liberty Bell
  • Elementary school:Woodland Elementary

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,600,000
  • Price per sq. ft.:$899.89

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